SUBSEQUENT EVENTS	9 Months Ended
Sep. 30, 2018
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 19 SUBSEQUENT EVENTS Management of the Partnership has reviewed subsequent events through November 9, 2018, the date the financial statements were issued, and concluded there were no events or transactions during this period that would require recognition or disclosure in the consolidated financial statements other than what is disclosed here and/or those already disclosed in the preceding notes. On October 22, 2018, the board of directors of the General Partner declared the Partnership’s third quarter 2018 cash distribution in the amount of $0.65 per common unit payable on November 14, 2018 to unitholders of record as of November 2, 2018. The declared distribution totaled $47 million and is payable in the following manner: $46 million to common unitholders (including $4 million to the General Partner as a holder of 5,797,106 common units and $7 million to another subsidiary of TransCanada as holder of 11,287,725 common units) and $1 million to the General Partner for its effective two percent general partner interest. The General Partner did not receive any distributions in respect of its IDRs for the third quarter 2018. This distribution as well as our first quarter and second quarter 2018 distributions each represent a 35 percent reduction compared to the Partnership’s fourth quarter 2017 distribution of $1.00 per common unit. Cash retained by the Partnership will be used to fund ongoing capital expenditures and the repayment of debt to levels that prudently manage our financial metrics in response to the impact of the 2018 FERC Actions on our future operating performance and cash flows. Northern Border declared its September 2018 distribution of $15 million on October 10, 2018, of which the Partnership received its 50 percent share or $7 million on October 31, 2018. Great Lakes declared its third quarter 2018 distribution of $22 million on October 17, 2018, of which the Partnership received its 46.45 percent share or $10 million on November 1, 2018. PNGTS declared its third quarter 2018 distribution of $8 million on October 23, 2018, of which $3 million was paid to its non-controlling interest owner on November 1, 2018.

NOTE 19 SUBSEQUENT EVENTS

Management of the Partnership has reviewed subsequent events through November 9, 2018, the date the financial statements were issued, and concluded there were no events or transactions during this period that would require recognition or disclosure in the consolidated financial statements other than what is disclosed here and/or those already disclosed in the preceding notes.

On October 22, 2018, the board of directors of the General Partner declared the Partnership’s third quarter 2018 cash distribution in the amount of $0.65 per common unit payable on November 14, 2018 to unitholders of record as of November 2, 2018. The declared distribution totaled $47 million and is payable in the following manner: $46 million to common unitholders (including $4 million to the General Partner as a holder of 5,797,106 common units and $7 million to another subsidiary of TransCanada as holder of 11,287,725 common units) and $1 million to the General Partner for its effective two percent general partner interest. The General Partner did not receive any distributions in respect of its IDRs for the third quarter 2018. This distribution as well as our first quarter and second quarter 2018 distributions each represent a 35 percent reduction compared to the Partnership’s fourth quarter 2017 distribution of $1.00 per common unit. Cash retained by the Partnership will be used to fund ongoing capital expenditures and the repayment of debt to levels that prudently manage our financial metrics in response to the impact of the 2018 FERC Actions on our future operating performance and cash flows.

Northern Border declared its September 2018 distribution of $15 million on October 10, 2018, of which the Partnership received its 50 percent share or $7 million on October 31, 2018.

Great Lakes declared its third quarter 2018 distribution of $22 million on October 17, 2018, of which the Partnership received its 46.45 percent share or $10 million on November 1, 2018.

PNGTS declared its third quarter 2018 distribution of $8 million on October 23, 2018, of which $3 million was paid to its non-controlling interest owner on November 1, 2018.